The near-term inflation outlook will cause the Reserve Bank some short term concern,
More Quotes from Alan Oster:
On transport, it is one of the few sectors that has continued to deteriorate through the quarter, no doubt reflecting the impact of higher oil prices on costs and profitability.Alan Oster
Business concerns about the potential for a sharp fall in future activity have continued to ease.
Alan Oster
The Reserve Bank will continue to monitor higher short-term inflation risks from oil against slowing economic activity. While the bank might engage in occasional bouts of jawboning, we see little prospect of rates moving in either direction for some considerable period.
Alan Oster
The pace of economic activity is continuing to moderate. The Reserve Bank is very much on hold, watching both the inflation outlook and domestic demand over the remainder of 2005 and well into next year.
Alan Oster
There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities, ... Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions.
Alan Oster
In summary, the survey points to a significant pick-up in economic growth in the first quarter of 2006.
Alan Oster
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